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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Herb Fuller who wrote (51154)	3/25/1998 11:36:00 AM
From: sheila rothstein	Read Replies (4) \| Respond to of 58324

Herb I agree. The products are great, the CEO sucked, so he got canned. With a new CEO or a possible merger or takeover IOM can't go wrong. (Calling SEG or WDC). The stock price is sick today but a shot of Penicillin should help. Where's my syringe? SR

To: Herb Fuller who wrote (51154)	3/25/1998 11:56:00 AM
From: Michael M	Respond to of 58324

I believe KE departure almost certainly tied to significant conflict with board. Note that news release gave NO reason for resignation and did not indicate any future plans for Edwards. No doubt speculation will appear shortly as to nature of falling-out. I expect stock to move smartly v. soon. I will leave the "direction" call to others who may be in possession of an actual fact or two. Hope the new acting Chief will soon make a calming statement about the health of the company. Looks like The Doc's day off is turning out to be action-packed. :-)

To: Herb Fuller who wrote (51154)	3/25/1998 12:04:00 PM
From: Jeff Loughlin	Respond to of 58324

Re:>>>K.E.'s resignation <<< Is it good or bad? Hmmmm...tough call. On one hand I see this as good, since KE's relationship with the street was less than positive - get someone in there who can establish a better relationship with the street and with the press, and this could be very good news for the stock. On the other hand, what concerns me is the question of what led to KE's decision to resign. He may have been "asked to resign" under pressure from the board (as an alternative to being fired) - this would be ok, since I really do feel that he wasn't getting the job done. But if he chose to leave on his own, why? Does he see the company as a sinking ship and want out? Can he now (no longer being an insider) dump his remaining shares (of which he still has quite a large number) to preserve whatever profit he has left in them? If it was a conflict with the board over company direction, what was the source of the conflict? These are the questions that trouble me. For the record, I sold my entire position last week after the earnings warning. I have been waiting for the conference call before getting back in, as I want to hear a good explanation for the loss. I still believe in the company, but I am now quite worried about its future. Jeff L.